Group 1 - Bosch Group plans to lay off 13,000 employees, primarily affecting its mobility solutions division, with the layoffs expected to be completed by 2030 [1][2] - The layoffs are a response to declining market demand, cost pressures, and challenges from trade barriers, with a significant focus on German factories [4] - Bosch aims to save €2.5 billion through these layoffs, as the company struggles to achieve a 7% profit margin in its automotive business, which currently stands at 3.8% for 2024 [4][5] Group 2 - The mobility solutions division is the largest segment of Bosch, accounting for 59% of total sales, and the company is facing a €2.5 billion cost gap attributed to a tense market environment and increased competition [4][8] - Bosch's revenue for 2024 is projected to be €90.5 billion, a 1.2% decline year-on-year, with EBIT dropping by 33% to €3.2 billion, influenced by a sluggish European heating market and intensified industry competition [6][8] - The layoffs reflect broader pressures in the German job market, with unemployment figures rising above 3 million for the first time since February 2015 [8][9]

Group 1 - Bosch Group plans to lay off 13,000 employees, primarily affecting its mobility solutions division, to be completed by 2030 [1][3][5] - The layoffs are a response to declining market demand, cost pressures, and trade barriers, with a focus on German factories [5][6] - Bosch aims to save €2.5 billion through these layoffs, as the automotive division's profit margin is currently at 3.8%, far below the target of 7% [5][6] Group 2 - The mobility solutions division accounts for 59% of Bosch's total sales, making it the largest segment of the company [9] - Bosch's revenue for 2024 is projected at €90.5 billion, a 1.2% decline year-on-year, with EBIT dropping by 33% to €3.2 billion [9] - The layoffs reflect broader pressures in the German job market, with unemployment rising to 3.025 million in August 2023 [10]